Correlation
The correlation between PAAS and GOLD is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PAAS vs. GOLD
Compare and contrast key facts about Pan American Silver Corp. (PAAS) and Barrick Gold Corporation (GOLD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAAS or GOLD.
Performance
PAAS vs. GOLD - Performance Comparison
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Key characteristics
PAAS:
0.42
GOLD:
0.39
PAAS:
0.89
GOLD:
0.79
PAAS:
1.11
GOLD:
1.10
PAAS:
0.42
GOLD:
0.22
PAAS:
1.70
GOLD:
1.11
PAAS:
11.93%
GOLD:
12.87%
PAAS:
51.13%
GOLD:
35.51%
PAAS:
-85.10%
GOLD:
-88.51%
PAAS:
-26.51%
GOLD:
-56.00%
Fundamentals
PAAS:
$9.47B
GOLD:
$32.43B
PAAS:
$0.86
GOLD:
$1.32
PAAS:
30.42
GOLD:
14.29
PAAS:
7.59
GOLD:
1.75
PAAS:
3.17
GOLD:
2.44
PAAS:
1.97
GOLD:
1.43
PAAS:
$2.99B
GOLD:
$13.30B
PAAS:
$709.78M
GOLD:
$5.37B
PAAS:
$1.27B
GOLD:
$7.30B
Returns By Period
In the year-to-date period, PAAS achieves a 30.48% return, which is significantly higher than GOLD's 23.40% return. Over the past 10 years, PAAS has outperformed GOLD with an annualized return of 12.59%, while GOLD has yielded a comparatively lower 6.65% annualized return.
PAAS
30.48%
11.61%
23.64%
21.08%
5.97%
0.82%
12.59%
GOLD
23.40%
3.31%
11.14%
13.12%
0.05%
-1.95%
6.65%
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Risk-Adjusted Performance
PAAS vs. GOLD — Risk-Adjusted Performance Rank
PAAS
GOLD
PAAS vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan American Silver Corp. (PAAS) and Barrick Gold Corporation (GOLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
PAAS vs. GOLD - Dividend Comparison
PAAS's dividend yield for the trailing twelve months is around 1.53%, less than GOLD's 2.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAS Pan American Silver Corp. | 1.53% | 1.98% | 2.45% | 2.75% | 1.36% | 0.64% | 0.59% | 0.96% | 0.64% | 0.34% | 4.23% | 5.43% |
GOLD Barrick Gold Corporation | 2.10% | 2.58% | 2.21% | 3.78% | 1.89% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.90% | 1.87% |
Drawdowns
PAAS vs. GOLD - Drawdown Comparison
The maximum PAAS drawdown since its inception was -85.10%, roughly equal to the maximum GOLD drawdown of -88.51%. Use the drawdown chart below to compare losses from any high point for PAAS and GOLD.
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Volatility
PAAS vs. GOLD - Volatility Comparison
Pan American Silver Corp. (PAAS) has a higher volatility of 22.13% compared to Barrick Gold Corporation (GOLD) at 11.04%. This indicates that PAAS's price experiences larger fluctuations and is considered to be riskier than GOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
PAAS vs. GOLD - Financials Comparison
This section allows you to compare key financial metrics between Pan American Silver Corp. and Barrick Gold Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PAAS vs. GOLD - Profitability Comparison
PAAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Pan American Silver Corp. reported a gross profit of 250.80M and revenue of 773.20M. Therefore, the gross margin over that period was 32.4%.
GOLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Barrick Gold Corporation reported a gross profit of 1.35B and revenue of 3.13B. Therefore, the gross margin over that period was 43.0%.
PAAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Pan American Silver Corp. reported an operating income of 228.20M and revenue of 773.20M, resulting in an operating margin of 29.5%.
GOLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Barrick Gold Corporation reported an operating income of 1.23B and revenue of 3.13B, resulting in an operating margin of 39.3%.
PAAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Pan American Silver Corp. reported a net income of 168.70M and revenue of 773.20M, resulting in a net margin of 21.8%.
GOLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Barrick Gold Corporation reported a net income of 474.00M and revenue of 3.13B, resulting in a net margin of 15.1%.